{"id":46076,"date":"2013-10-08T22:04:39","date_gmt":"2013-10-09T02:04:39","guid":{"rendered":""},"modified":"2025-01-07T16:07:41","modified_gmt":"2025-01-07T21:07:41","slug":"what-payday-loan","status":"publish","type":"publications-page","link":"https:\/\/www.cleo.on.ca\/en\/publications-page\/what-payday-loan","title":{"rendered":"What is a payday loan?"},"content":{"rendered":"<p>A payday loan lets you borrow money from a lender that you repay when you get your next paycheque or social assistance payment. Payday loans have <strong>much higher<\/strong> interest rates and fees than loans from banks, credit unions, or credit cards.<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-46076","publications-page","type-publications-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is a payday loan? - CLEO (Community Legal Education Ontario \/ \u00c9ducation juridique communautaire Ontario)<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cleo.on.ca\/en\/publications-page\/what-payday-loan\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is a payday loan? - CLEO (Community Legal Education Ontario \/ \u00c9ducation juridique communautaire Ontario)\" \/>\n<meta property=\"og:description\" content=\"A payday loan lets you borrow money from a lender that you repay when you get your next paycheque or social assistance payment. 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